Opinion: Here’s a new fiscal thing: The New Brunswick Advantage

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New Brunswick is emerging as one of the most fiscally responsible provinces in Canada, writes Jay Goldberg. Read on.

rates in the country. But times have changed. For many Albertans paying income tax, their province no longer has the lowest income tax rates in the country. It has also racked up tens of billions of dollars of government debt. Thankfully, Albertans still do enjoy the advantage of living in the only province without a sales tax — for now.

But since coming to office in 2018, Blaine Higgs’ Conservatives have been steadily charting a new course for New Brunswick, which is starting to separate itself from the Atlantic pack, with a lower tax burden, consecutive balanced budgets and falling provincial debt. Consider neighbouring Nova Scotia. With the new tax cuts in place, a New Brunswicker making $75,000 a year should expect to pay $8,606 in provincial income tax. A Nova Scotian earning the same amount would pay $664 more. And thanks to Nova Scotia’s regressive “bracket creep” policies, that $664 gap will keep growing year after year. Bracket creep occurs when

 

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